Growing Interest

August 5, 1985

ORLANDO — A New Jersey investment partnership with a reputation for forcing companies to buy back their own stock has increased its stake in Orlando-based Hughes Supply Inc. to 13.1 percent of Hughes' common stock. Shamrock Associates of Far Hills, N.J., revealed in documents filed with the Securities and Exchange Commission that it bought 108,600 shares of Hughes stock between June 10 and July 26 at prices ranging from $21.25 to $23 a share. That increased its holdings to 418,000 shares. Shamrock had disclosed in May that it owned 9.3 percent of Hughes' shares. In that filing, Shamrock had said it may seek a partner to take control of Hughes but reserved the right to sell its shares back to the company.